{"id":79493,"date":"2025-08-29T09:04:35","date_gmt":"2025-08-29T09:04:35","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2025\/08\/29\/bitcoin-slips-below-110k-as-market-selloff-continues\/"},"modified":"2025-08-29T09:04:35","modified_gmt":"2025-08-29T09:04:35","slug":"bitcoin-slips-below-110k-as-market-selloff-continues","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2025\/08\/29\/bitcoin-slips-below-110k-as-market-selloff-continues\/","title":{"rendered":"Bitcoin slips below $110k as market selloff continues"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\" data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/bitcoin-price-plummets-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/bitcoin-price-plummets-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/bitcoin-price-plummets-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/bitcoin-price-plummets-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/06\/bitcoin-price-plummets.png\" alt=\"Bitcoin Price Plummets\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<p><span style=\"font-weight: 400\">Key takeaways<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">BTC is down almost 3% within the final 24 hours and has dropped below $110k.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The sell-off continues regardless of analysts being optimistic about BTC\u2019s efficiency within the medium time period.<\/span><\/li>\n<\/ul>\n<h2>BTC dips below $110k as altcoins bleed<\/h2>\n<p><span style=\"font-weight: 400\">The cryptocurrency market has been risky for the reason that begin of the week and now appears to finish it on a bearish notice. Bitcoin, the main cryptocurrency by market cap, has misplaced 2.8% of its worth within the final 24 hours and is now buying and selling below $110k.<\/span><\/p>\n<div class=\"ad-banner  container  pt-1  px-0  mb-6\" data-partner=\"bitcoinpenguin\">\n        <a href=\"https:\/\/bitcoinpenguins.io\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img decoding=\"async\" class=\"p-0  m-0\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/bitcoinpenguin\/en.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<p><span style=\"font-weight: 400\">The bearish efficiency comes regardless of optimistic forecasts round BTC\u2019s medium and long-term views. Asset administration agency Bitwise initiatives Bitcoin worth to commerce close to $1.3 million by 2035, citing institutional demand, scarce provide, and macroeconomic pressures.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In its <\/span><a href=\"https:\/\/s3.us-east-1.amazonaws.com\/static.bitwiseinvestments.com\/Research\/Bitwise-Bitcoin-Long-Term-Capital-Market-Assumptions-2025.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">report<\/span><\/a><span style=\"font-weight: 400\">, Bitwise added that in a bullish case, Bitcoin might attain $2.97 million (39.4% CAGR), whereas a bearish situation might see BTC caught round $88,005 (2% CAGR).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Banking large JPMorgan additionally acknowledged that Bitcoin is undervalued relative to gold. The financial institution argued that the digital asset is more and more engaging for institutional portfolios, and this might push its worth increased within the medium to long run.\u00a0<\/span><\/p>\n<h2>BTC might retest $108k to seek out help<\/h2>\n<p><span style=\"font-weight: 400\">The BTC\/USD 4-hour chart is bearish and environment friendly as Bitcoin has been underperforming over the previous few days. The coin might dip additional over the following few hours as it seeks to seek out its robust help.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Relative Strength Index (RSI) on the 4H chart reads 47, which is below its impartial stage of fifty, indicating bearish momentum. The MACD traces are additionally inside the detrimental territory, suggesting that sellers are at present in management.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-332837\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/08\/BTCUSD_2025-08-29_08-58-27.png\" alt=\"BTC\/USD 4H Chart\" width=\"1814\" height=\"878\"\/><\/p>\n<p><span style=\"font-weight: 400\">If Bitcoin closes below its every day EMA stage of $110,883, then it might dip additional and retest its latest low of $108,513. An prolonged bearish run will see BTC dip towards its subsequent key help at $103,991, the 200-day EMA.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, if the market bounces again and closes above the $110k EMA, it might prolong its restoration towards its subsequent every day resistance at $116,000.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/btc-price-prediction-bitcoin-slips-below-110k-as-market-selloff-continues\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways BTC is down almost 3% within the final 24 hours and has dropped below $110k. The sell-off continues regardless of analysts being optimistic about BTC\u2019s efficiency within the medium time period. BTC dips below $110k as altcoins bleed The cryptocurrency market has been risky for the reason that begin of the week and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":74819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[11482,20,241,41,889,2102],"class_list":{"0":"post-79493","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-110k","9":"tag-bitcoin","10":"tag-continues","11":"tag-market","12":"tag-selloff","13":"tag-slips"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/79493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=79493"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/79493\/revisions"}],"predecessor-version":[{"id":79494,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/79493\/revisions\/79494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/74819"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=79493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=79493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=79493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}